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Prospective CFTC Chair Releases Private Texts With Winklevoss Twins
Crypto Trends

Prospective CFTC Chair Releases Private Texts With Winklevoss Twins

by admin September 10, 2025



Brian Quintenz, US President Donald Trump’s pick to chair the US Commodity Futures Trading Commission (CFTC), has made public several texts between himself and Gemini co-founders Cameron and Tyler Winklevoss, suggesting reasons why the brothers may have attempted to interfere with his nomination to the agency.

In a Wednesday X post, Quintenz said he had released the texts over concerns that Trump “might have been misled” by the Gemini co-founders. The chain appeared to show Tyler Winklevoss sending Quintenz information on Gemini’s civil case with the CFTC, settled with a $5 million fine in January.

“The CFTC totally abused the deliberative process privilege amongst many other abuses to prevent us from even be [sic] able to defend ourselves fairly in court,” Winklevoss texted to Quintenz on July 25.

Source: Brian Quintenz

According to the prospective CFTC chair, the brothers were looking for certain assurances regarding what they called the agency’s “lawfare trophy hunting,” which he said he wasn’t willing to provide.

Related: CFTC pressured to probe nominee Brian Quintenz over ties to Kalshi

“I believe these texts make it clear what they were after from me, and what I refused to promise,” said Quintenz. “It’s my understanding that after this exchange they contacted the President and asked that my confirmation be paused for reasons other than what is reflected in these texts.”

Cointelegraph reached out to a Gemini spokesperson for comment, but had not received a response at the time of publication.

Senate vote on Quintenz still pending

The texts came just a few days before reports suggested that the Gemini co-founders contacted the White House and asked Trump to reconsider Quintenz’s nomination.

Lawmakers in the Senate Agriculture Committee had been scheduled to question Quintenz in July before the chamber broke for a month-long recess, but delayed the event due to a request from the White House.

The release of the texts comes less than 48 hours before Gemini is expected to begin its initial public offering on Friday. The company is aiming for a $3 billion valuation as part of the offering, but it’s unclear how this information from Quintenz could impact investors.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?



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September 10, 2025 0 comments
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Crypto Advocacy Groups Double Down On Support Of Prospective CFTC Chair
Crypto Trends

Crypto Advocacy Groups Double Down On Support Of Prospective CFTC Chair

by admin August 20, 2025



Several cryptocurrency and blockchain associations advocating for the industry are pushing for a “prompt confirmation” of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC).

In a Wednesday letter to US President Donald Trump, representatives from several crypto organizations reiterated their support for Quintenz’s confirmation in the Senate following the president’s nomination.

Signatories included the Crypto Council for Innovation, Blockchain Association, Decentralization Research Center, DeFi Education Fund, The Digital Chamber, Satoshi Action Fund and Solana Policy Institute

The advocacy organizations argued that Quintenz was “exceptionally well-suited” to head the CFTC in part due to his experience with and understanding of digital assets.

After being nominated to chair the agency in February, he was referred to the Senate Agriculture Committee, which delayed a vote days before the chamber was scheduled to break for an August recess. 

The committee said that the delay came following a request from the White House. An August report also suggested that Gemini co-founders Cameron and Tyler Winklevoss pressed Trump to reconsider Quintenz’s nomination, claiming he would not fully enact the president’s crypto agenda as CFTC chair.

Wednesday letter to Donald Trump. Source: Crypto Council for Innovation

“As the Presidential Working Group on Digital Asset Markets Report clearly articulated, the CFTC has many critical, complex, and nuanced goals ahead of it, including working with Congress to establish a comprehensive federal market structure framework with appropriate oversight of digital asset commodities, in order to advance your Administration’s agenda,” said the letter, adding that:

Installing a permanent Chairman to the CFTC is absolutely critical to realizing these goals […]”

Quintenz previously served as a CFTC commissioner under Trump from 2017 to 2021, having been nominated by former US President Barack Obama in 2016.

Related: Trump’s CFTC chair pick won’t push president for bipartisan commission

Financial regulator facing a staff exodus

Even if Quintenz’s confirmation were to move quickly through the Senate once the chamber returns from recess on Sept. 3, the regulator still has vacancies that could slow its work related to crypto and otherwise. Currently, the five-member panel of commissioners is staffed only by acting CFTC Chair Caroline Pham, and Commissioner Kristin Johnson.

Commissioners Summer Mersinger and Christy Goldsmith Romero, as well as former chair Rostin Behnam, departed the CFTC earlier this year. Johnson said she would leave before 2026, and Pham said she planned to move to the private sector if Quintenz were nominated, suggesting that the prospective chair could be the sole voice until Trump picked other candidates to staff the agency.

In a statement to Cointelegraph, a representative for the Crypto Council for Innovation highlighted the need to confirm CFTC leadership amid the two-commissioner panel, no permanent chair, and pending legislation for crypto market structure.

Senator Cynthia Lummis, one of the lead voices pushing for the chamber to pass market structure, said the bill — which could clarify the roles the CFTC and Securities and Exchange Commission will have over crypto — will be signed into law before 2026.

Magazine: Bitcoin’s long-term security budget problem: Impending crisis or FUD?



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August 20, 2025 0 comments
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